How to Add Petty Cash Receipts In QuickBooks?

How to Add Petty Cash Receipts to QuickBooks?

Today we will tell you How to Add Petty Cash Receipts In QuickBooks? We will know about this in detail and tell you How to Add Petty Cash Receipts to QuickBooks

What Is Quickbooks?

Quickbooks is a software that has made it easy for small business to big business, who are small traders or big traders, they used to have a lot of problem to manage their account but quickbooks software has made it very easy, this software is very easy. It is simple and everyone will run this software, with many features in this software, today we will talk about one such feature that How to Add Petty Cash Receipts to QuickBooks.

How to Add Petty Cash Receipts In QuickBooks?

How to Add Petty Cash Receipts In QuickBooks? It is very easy and you will complete the process by following the instructions given by us.

1. First you have to go to your QuickBooks account and then you have to select the "List" menu

2. Then you select the option of "Chart of Accounts"

3. Then now you click on Accounts Drop Down and then you click on "New"

4. Select the option of "Bank" and then click on the button of "Continue"

6. Now enter the name of the account in the Account field for example you can enter "Petty Cash" or some other name

7. You can select "0" for opening balance and then select current date then you can click on save and close button

8. Now you again select the "List" menu and you choose "Chart of Accounts"

9. Then you have to select the petty cash account that you have created

10. You can also enter the name of a recipient if you wish or you can leave that option

11. Then now you have to enter the receipt amount in the payment column and click on the tab key button to proceed to the next row

12. Now you have to select the "Account" drop down and select the expense account with which you want to associate the purchase

13. If you want to split the amount between the accounts then click "Splits" then now you have to click on the button of record and the process will be completed

Hope you like this information if you have any problem then you can ask us through comment we will try to solve that problem as soon as possible..